Car insurance rates in Canada are determined by several factors, including the vehicle’s make, model, year, engine specifications, and performance characteristics. Luxury vehicles and high-performance cars command more expensive insurance premiums due to their costly repairs, higher theft rates, and increased likelihood of high-speed collisions. Below is an in-depth look at 20 vehicles that are exceptionally expensive to insure in Canada.
Nissan GT-R
Released in 2007 and designed by Shiro Nakamura, the Nissan GT-R features a 3.8-liter twin-turbo V6 engine producing 565 horsepower. Its cockpit-style interior includes leather-appointed seats, an 8-inch touchscreen infotainment system, and a customizable digital display. The GT-R accelerates from 0 to 60 mph in approximately 2.9 seconds. Its ATTESA E-TS all-wheel-drive system and sophisticated performance technology contribute to its exceptional road handling. This combination of speed and precision may delight enthusiasts but presents significant risk factors for insurers.
BMW M5
Initially introduced in 1984 and designed by Claus Luthe, the current BMW M5 boasts a 4.4-liter twin-turbo V8 engine that produces 600 horsepower while delivering a luxurious driving experience. Its upscale interior features Merino leather, a 12.3-inch digital gauge cluster, and a 16-speaker Harman Kardon audio system. The M5 accelerates from 0 to 60 mph in about 3.2 seconds. While it offers track-capable performance as a true sports sedan, its high repair costs and powerful engine push insurance premiums to astronomical levels.
Mercedes-Benz S-Class
Initially launched in 1972, the S-Class has been designed by various designers throughout its history, with the latest model designed by Robert Lesnik. It offers multiple engine options, including a 3.0-liter turbocharged inline-six engine with EQ Boost technology. The luxurious interior features Nappa leather seats, a 12.8-inch OLED display, ambient lighting, and advanced driver-assistance technology. The S-Class accelerates from 0-60 mph in approximately 4.9 seconds. As a symbol of luxury, repair costs are steep, making this vehicle as costly to insure as it is to purchase.
Audi R8
Introduced in 2006 and designed by Frank Lamberty, the Audi R8 features a 5.2-liter V10 engine providing up to 602 horsepower. Its driver-centered interior includes Fine Nappa leather seats, a 12.3-inch Virtual Cockpit display, and a Bang & Olufsen audio system. The R8 sprints from 0 to 60 mph in a mere 3.2 seconds. With its mid-engine configuration and Quattro all-wheel drive system, it delivers exceptional speed and handling. The R8’s exotic styling and powerful motor make driving enjoyable but expensive to insure.
Porsche 911 Turbo
The Porsche 911 Turbo, originally introduced in 1975 and designed by Ferdinand “Butzi” Porsche, now features a 3.8-liter twin-turbo flat-six engine generating 572 horsepower. Its interior has premium leather trim, a 10.9-inch touchscreen display, and a Bose Surround Sound System. The 911 Turbo accelerates from 0 to 60 mph in approximately 2.7 seconds. This combination of luxury and blistering speed corresponds with equally high insurance premiums.
Chevrolet Corvette ZR1
Designed by Tom Peters and released in 2019, the Corvette ZR1 is powered by a supercharged 6.2L V8 engine producing 755 horsepower. The interior includes leather-trimmed seats, an 8-inch diagonal HD color display, and a premium Bose audio system. The ZR1 accelerates from 0 to 60 mph in about 2.8 seconds. It represents the pinnacle of American muscle engineering. However, insurers view its tremendous horsepower and complex repair requirements as significant risk factors.
Dodge Challenger SRT Hellcat
Released in 2015 and designed by Mark Trostle, the Challenger SRT Hellcat features a supercharged 6.2-liter HEMI V8 engine that delivers 717 horsepower. The interior includes performance seats with Hellcat badging, an 8.4-inch Uconnect touchscreen, and a 7-inch reconfigurable digital cluster display. The Hellcat accelerates from 0 to 60 mph in approximately 3.6 seconds. Its raw power and theft potential make it an insurance underwriter’s nightmare.
Ford Mustang Shelby GT500
Unveiled in 2020 and designed by Melvin Betancourt, the Shelby GT500 is powered by a supercharged 5.2-liter V8 engine producing 760 horsepower. The interior features Recaro leather-trimmed seats, a 12-inch LCD digital instrument cluster, and a 12-speaker B&O sound system. The GT500 accelerates from 0 to 60 mph in about 3.3 seconds. Its extraordinary horsepower and specialized high-performance components significantly increase insurance premiums.
Tesla Model S Plaid
Introduced in 2021 and created by Franz von Holzhausen, the Model S Plaid features a tri-motor setup producing 1,020 horsepower. Its minimalist interior includes a 17-inch touchscreen display, a yoke steering wheel, and comfortable seating for five adults. The Model S Plaid accelerates from 0 to 60 mph in approximately 1.99 seconds, making it one of the fastest production cars in the world. Due to high repair costs and its cutting-edge technology, the vehicle is expensive to insure.
Jaguar F-Type SVR
Created by Ian Callum and released in 2016, the F-Type SVR is powered by a 5.0-liter supercharged V8 engine producing 575 horsepower. The interior features performance seats in premium leather, a 12.3-inch Interactive Driver Display, and a Meridian Surround Sound System. The F-Type SVR accelerates from 0 to 60 mph in about 3.5 seconds. Its distinctive design and high maintenance costs make it one of the most expensive vehicles to insure.
Maserati Quattroporte GTS
The Maserati Quattroporte GTS combines Italian style with formidable power, making it stand out on city streets and highways. Launched in 2013 and designed by Lorenzo Ramaciotti, it features a 3.8-liter twin-turbo V8 engine that produces 523 horsepower. The interior showcases Poltrona Frau leather seats, an 8.4-inch Maserati Touch Control Plus system, and a Bowers & Wilkins premium audio system. The Quattroporte GTS accelerates from 0 to 60 mph in about 4.7 seconds.
Lexus LC 500
The Lexus LC 500 combines cutting-edge design with a traditional V8 powertrain, creating a grand tourer that’s as exhilarating to drive as visually striking. Introduced in 2017 and designed by Tadao Mori, it features a naturally aspirated 5.0-liter V8 engine generating 471 horsepower. The luxurious interior includes hand-stitched leather and Alcantara trim, 10-way power-adjustable seats, a 10.3-inch multimedia display, and a 13-speaker Mark Levinson surround sound system for an immersive audio experience. The LC 500 accelerates from 0-60 mph in approximately 4.4 seconds.
BMW i8
The BMW i8 is a distinctive plug-in hybrid sports car with a futuristic appearance. Unveiled in 2014 and designed by Benoit Jacob, it combines a 1.5-liter turbocharged three-cylinder engine with an electric motor, delivering 369 horsepower. The interior features eco-friendly materials, including recycled carbon fiber, leather-trimmed sports seats, and a digital cockpit with an 8.8-inch touchscreen. Despite its hybrid powertrain, the i8 accelerates from 0 to 60 mph in 4.2 seconds.
Chevrolet Camaro ZL1
The Chevrolet Camaro ZL1 represents the modern muscle car, delivering exceptional performance with every press of the accelerator. Unveiled in 2017 under Tom Peters’ design direction, it’s powered by a supercharged 6.2-liter V8 engine producing 650 horsepower. The performance-oriented interior features Recaro sports seats, a suede-wrapped steering wheel, and an 8-inch infotainment system with smartphone integration. This powerful machine accelerates from 0 to 60 mph in 3.5 seconds.
Acura NSX
The Acura NSX hybrid supercar combines Japanese engineering precision with exceptional performance. Relaunched in 2016 and designed by Michelle Christensen, it features a hybrid powertrain consisting of a twin-turbocharged 3.5-liter V6 engine and three electric motors that deliver 573 horsepower. The interior blends futuristic design with practicality, featuring hand-stitched leather and Alcantara seats, a 7-inch display screen, and a driver-focused cockpit environment. The NSX accelerates from 0 to 60 mph in 2.9 seconds.
Land Rover Range Rover Sport SVR
The Range Rover Sport SVR proves that luxury SUVs can deliver sports car performance. Debuting in 2014 under Gerry McGovern’s design direction, it features a supercharged 5.0-liter V8 engine producing 575 horsepower. The interior exemplifies luxury with Windsor leather upholstery, a 13-speaker Meridian audio system, and dual 10-inch touchscreen displays. Despite its substantial size, the Range Rover Sport SVR accelerates from 0 to 60 mph in just 4.3 seconds. Its combination of off-road capability and on-road performance makes it versatile but expensive to insure.
Subaru WRX STI
The Subaru WRX STI is a rally-inspired performance sedan respected for its turbocharged power and tenacious all-wheel-drive grip. The current generation, introduced in 2014 and designed by Masayuki Uchida, features a turbocharged 2.5-liter flat-four engine producing 310 horsepower. The functional interior includes Recaro sport seats, a 7-inch Starlink infotainment system, and red accent trim details. It accelerates from 0 to 60 mph in 4.6 seconds.
Aston Martin Vantage
The 2022 Aston Martin Vantage sports car combines British elegance with pure performance. Powered by a 4.0-liter twin-turbo V8 engine developing 503 horsepower, the Vantage embodies a marriage of classic design and advanced engineering in a sleek, aggressive form. The luxurious interior features premium leather trim, bespoke details, and a modern infotainment system. Despite its sophisticated appearance, the Vantage accelerates from 0 to 60 mph in only 3.6 seconds, establishing it as a genuine performance icon and making it costly to insure.
Alfa Romeo Giulia Quadrifoglio
The Alfa Romeo Giulia Quadrifoglio brings Italian passion and Ferrari-derived performance to the luxury sedan segment. Introduced in 2016 and designed by Marco Tencone, it features a Ferrari-developed 2.9-liter twin-turbo V6 engine producing 505 horsepower. The interior showcases Italian craftsmanship and performance-oriented design with Alcantara and leather sport seats, carbon fiber trim, and an 8.8-inch infotainment display. This Italian beauty accelerates from 0 to 60 mph in 3.8 seconds, combining elegant design with exhilarating performance.
Lamborghini Urus
The Lamborghini Urus is a convention-defying SUV that delivers supercar performance with practical family utility. Debuted in 2018 and designed by Mitja Borkert, it’s equipped with a 4.0-liter twin-turbo V8 engine producing 641 horsepower. The opulent interior features leather and Alcantara surfaces, customizable ambient lighting, and dual touchscreen interfaces for infotainment and vehicle controls. Despite its SUV proportions, the Urus accelerates from 0-60 mph in an impressive 3.1 seconds, making it one of the fastest SUVs available and consequently expensive to insure.
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